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Janet Yellen's Record

By

Mary Anastasia O'Grady

Aug. 6, 2013 1:02 p.m. ET

You don't have to be waging a war on women to be less than enthusiastic about the possibility of Janet Yellen heading the Federal Reserve. There are plenty of other reasons to object to her nomination, one of which is found in the transcripts of a 1995 Federal Open Market Committee meeting.

Republicans had taken the House in 1994 and expressed an interest in exploring the merits of inflation targeting as a monetary-policy tool, recalls Marvin Goodfriend, a former senior economist at the Richmond Fed, in the book "A...